Browsing Tag
Central Excise Act
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Petrol duty slashed to Rs 3, diesel to zero as Hormuz crisis hits India’s energy bill
India's Finance Ministry has cut excise duty on petrol to Rs 3 per litre and eliminated it on diesel entirely, effective 26 March 2026, as the US-Israel war on Iran pushes international crude prices up by nearly 50 per cent and disrupts Strait of Hormuz supply flows.